A Miami-based developer recently secured critical financing needed to bring four-year-old plans for a sprawling, activity-focused waterfront development in St. Petersburg to fruition.
Key International is transforming 39 long-vacant acres around 1200 Gandy Blvd. N. into the Amara Bay Residences & Marina. The much-anticipated project has undergone two expansions and name changes.
Michael Vassilarros, chief investment officer, said “at least one building, maybe two” has topped out, and construction is rapidly progressing. Once complete, Amara Bay will feature 415 luxury apartments, an 8,000-square-foot restaurant and a 150-slip marina…